Rocket Companies, Inc.RKTEarnings & Financial Report
Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage. Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.
Revenue
$1.3B
Gross Profit
$616.5M
Operating Profit
$192.0M
Net Profit
$1.3M
Gross Margin
47.4%
Operating Margin
14.8%
Net Margin
0.1%
YoY Growth
5.2%
EPS
$0.01
Rocket Companies, Inc. Q2 FY2024 Financial Summary
Rocket Companies, Inc. reported revenue of $1.3B (up 5.2% YoY) for Q2 FY2024, with a net profit of $1.3M (down 82.6% YoY) (0.1% margin). Cost of goods sold was $684.2M, operating expenses totaled $424.5M.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $1.3M |
| Gross Margin | 47.4% |
| Operating Margin | 14.8% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Rocket Companies, Inc. Q2 FY2024 revenue of $1.3B breaks down across 7 segments, led by Direct To Customer Segment at $577.2M (44.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Direct To Customer Segment | $577.2M | 44.4% |
| Other | $439.7M | 33.8% |
| Partner Network Segment | $169.0M | 13.0% |
| Subscription Revenue | $65.6M | 5.0% |
| Closing Fees | $24.3M | 1.9% |
| Real Estate Network Referral | $15.4M | 1.2% |
| Appraisal Revenue | $9.5M | 0.7% |
Rocket Companies, Inc. Revenue by Segment — Quarterly Trend
Rocket Companies, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Direct To Customer Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Direct To Customer Segment | $945.8M | — | $668.1M | $659.5M |
| Other | $1.4B | — | $421.6M | $154.1M |
| Partner Network Segment | $216.7M | — | $126.2M | $95.8M |
| Subscription Revenue | $91.3M | — | $86.9M | $84.5M |
| Closing Fees | $47.1M | — | $32.0M | $24.4M |
Rocket Companies, Inc. Annual Revenue by Year
Rocket Companies, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.7B |
| 2024 | $5.1B |
| 2023 | $3.8B |
| 2022 | $5.8B |
Rocket Companies, Inc. Quarterly Revenue & Net Profit History
Rocket Companies, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.7B | +52.2% | $68.0M | 2.5% |
| Q3 FY2025 | $1.6B | +148.1% | $-123.9M | -7.7% |
| Q2 FY2025 | $1.4B | +4.6% | $-1.8M | -0.1% |
| Q1 FY2025 | $1.0B | -25.0% | $-10.4M | -1.0% |
| Q4 FY2024 | $1.8B | +155.0% | $33.9M | 1.9% |
| Q3 FY2024 | $646.9M | -46.2% | $-22.0M | -3.4% |
| Q2 FY2024 | $1.3B | +5.2% | $1.3M | 0.1% |
| Q1 FY2024 | $1.4B | +107.7% | $16.2M | 1.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.30B | $646.9M | $1.77B | $1.04B | $1.36B | $1.61B | $2.69B |
| YoY Growth | 107.7% | 5.2% | -46.2% | 155.0% | -25.0% | 4.6% | 148.1% | 52.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $22.22B | $23.65B | $25.12B | $24.51B | $25.25B | $30.36B | $33.58B | $60.69B |
| Liabilities | $13.61B | $14.83B | $16.77B | $15.47B | $16.67B | $22.91B | $24.72B | $37.79B |
| Equity | $8.61B | $8.81B | $8.35B | $9.04B | $8.58B | $7.45B | $8.85B | $22.90B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.01B | $-122.3M | $-1.34B | $1.84B | $-797.0M | $-1.85B | $-50.3M | $-1.23B |